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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (May 10, 1921)
THE BEE: OMAHA. TUESDAY, MAY 10, 1921. 13 Experts Sav Oil Supply of World To be Increased While Some District s Falling Off in Production. Many, New Fields Have Been Discovered. By HOLLAND. Forty years ago a few oil wells i were driven in a district which since that time has become one of the 1 largest of the oil producing fields of j (the United States. One who was in i I'hiential in the high development of '.'his oil field said this morning that tin' wells which he caused to be drilled 40 years ago continue to pro duce oil, although the amount of daily production for each well is not much more than a barrel of oil. But lie is permitting these wells to con tinue their production, not because much profit is found in that produc tion, but because they are testing the life of the pool from which the oil comes. On the other and the corporation with which this man is identified has brought in wells in that district some of which have produced 40, OflO barrels a day, although so large a production as this was not Ion? continued. A few months ago a well drilled by this corporation yielded at first approximately 30,000 barrels a day. Xo one knew how long this production would he continued. It might end suddenh. There might be gradual diminution of the flow and in fact the daily output has de ceased until the yield from this well is now averaging 10,000 barrels a day. Report Supply Decreasing. Mui'h Interest has fonen causal by rei-p.it statements which intimate that the pro duction of Mexlran oil Is rapidly dec-reusing and that the time lis not distant when these Mexican fields will be exhausted. Probably they will ha exhausted in time berausft sooner or later all oil pools are nhausted. But the wisest and moat ex perienced of those who are- engaged In the oil producing Industry do not venture to maks any prediction which would fix tlie date when these Mexican pools will be exhausted. They do say, however, that other pools will be discovered and that 5 ears will pass before the Mexican yield hrglns to compare In the amount of Its output with the falling off In the yield from other districts, the Pennsylvania, for one, where there has been heavy falling off In eduction. The seurch for oil and the ventures which sometimes involve heavy Invest ment of cnpiinl, which now characterize .the industry, huve been compared by coo of th inf-stern in this industry with the Mrch which has been made since 1S4H for gold and silver. The romances which are more exciting than any fiction can be. Which are associated with these pre cious metais searehinga re now matched nv the romances which tell of the search for oil. rhyalral Characteristics. The operators in the oil industry have toed understanding of the physical char acteristics of the Mexican and the Gulf oil tools In Texas. They apeak of these oil fields as mound fields differing In that respect from" the pools in the interior which must be reached by drilling through rock nd by overcoming sand. These Mex ican pools are In the vicinity of salt water. The hydro static pressure which this water exerts Is very great and un doubtedly utplaiiis the enormous initial outpourings from some of the newly driven well. Salt water does reach these pools In time as fresh water reaches some of the inlsnd pools, but not until drilling which overs the entire mound has been com pleted can It bo known whether the oil pool is exhausted. Water does mix with the oil causing agitation. But after a while tills agitation disappears so that the pump van be again started and the remaining oil in the pool, or almost all of It. seasired. Mke the prospecting for the discovery of precious metal mines and also like the operations of these mines after they have been discovered, oil pools which pros pectors h.ve reported favorably upon are discovered partly by chance, chiefly by the use of expert knowledge geological and other scientific experience. But the veins which at first yielded gold and sil ver In almost fabulous' amounts have been at last entirely or partially exhausted. Ths.1 Is true also of copper, so that while the world is not now covered by pros pectors who are searching for gold and silver, yet in many parts of the world competent prospectors are searching for copper. That is true also of the oil In dustry. - The men who are masters of this Industry are confident that there is oil In plenty beneath the surface of the earth, put that It will be necessary to discover and capture It in many parts of the world. Something of Gamble. Tet from one point of view It Is some thing of a gamble, using the word in Its honorable sense'. One of the leaders in the Industry said this morning that the three pertinent questions associated with the oil Industry are these: First,, where Is the oil which is yet to be discovered; second, how much Is thre of It?; third, how Is this oil to be obtained? The third ques tion answers itself if there are satis factory answers to the first two. No climstlo difficulties, torrid or arctic, will stand In the way pf the development of oil fteldt if any be discovered and If the evidence be plentiful that the pools are large. For instance, some day a pipe line will be built from the arctic pools which nave recently been discovered to the near est transportation or refining station which Is 1.709 miles away. There Is no doubt that at the present rate of world consumption the now visi ble oil supply of the Uulted States will be greatly reduced within the next 10 years. Hut there may be new visible supplies and, In fact are likely to be, and although the Vntted States may be compelled to Import oil as even now we are importing very large amounts of oil from Mexico, nevertheless the oil manufacturing in dustry will certainly receive an adequate tupply of oil, no small part of which will ha exported to other nations in the form 'of gasoline. lubricants, kerosene and other producta. The really great leaders in the oil industry are confident that the world s supply of oil Is not to be decreased, but Instead it is to be enlarged, and will be sufficient to meet the world's demands for many years. New Tork, May 9. The market for coffee futures remained very quiet today as though waiting for the reparations situation to take more definite shape. On the whole, however, the tone was steadier owing to an improvement in Rio exchange rates, and a firmer tone in ths cost and freight market, with July sell ing up from 6.05c to S.14c and September from .4iic to 6.53c. The general market opened at an advance of points and closed al a net advance of nlno to 1J points. May, .81c; July. .llc; Sep tember, .6lc; October, .6o; December, .!.c: January, 7.08c; March. 7.28c. Spot market was quiet and unchanged at 6 cents for Rio 7s and 8ic to 9'io for, Santos 4s. New York Cotton. w York. May 5. The cotton market opened steady at an advance of 3 to 6 points :t Wall Street and Liverpool buying, bwt there was considerable New Orleans and southern selling around 13.20c for July and 13 73c. for October. This caused reactions in the absence of anv general demand and the market was vefv quiet with prices barely steady dur ing' the early trading. July eased off to 13 OSe, or about 7 points net lower. Private cables reported a very poor spot demand. Locally business was restricted with tiaders inclined to expect more or less nervousness and irregularity while await ing a decision on the matter of war rep arations. Dry Goods. New Tork. May . 1'rices today at the opening of an auct.on sale of 63.000 bales of rugs and 2.SO0 rolls of carpeting were slightly higher than at last month's auc tion. "otton goods and yarns were slightly firmer today, with trade inquiry increas ing. Men's wear lines were quiet, tho trade awaiting the results of new cloth ing prices offered to retailers for fall. Raw silk was easier. Chicago Produce. Chicago, May . Butter Unchanged; creamery, extras, 31c; standards, 29HC. Eggs -Higher; receipts, 30.311 rases; firsts. 5!33c; ordinary firsts. lS'BSOc: at mark, cases included, :it22c; stand ards. !s;c. Live Poultry Unchanged; fowls, 10c; broilers, ff&c. Kansas City Produce. Kansas lity. Mo., Msy . Eggs Un changed; firsts. "He: seconds. 15c. Butter Unchanged; creamery, SSc; P'-kn. l?r. p,.'ir-:I1,.,ntil'. hens, J3c; broii vi, (OfiiOe; roosters. Sc. Market Live Stock Ttemlnta wat Cnltl. tltr. 9h.n Monday estimate ... 6.H00 6.700 6.S0O Same day last week. 3.916 9.210 6.ISI Same day 3 wits, ago S37 10. lid 9.791 Same day wka ago 8. US It. 140 14.413 Same day year ago.. 6.22S 13,103 6.711 Recipls and disposition of live stork at the Union Stock Yards Omiiha, Neb., for 2 hours ending at 3 o'clock p. m May 9. i9:i. RECEIPTS CARS. Oat Hogs Shp. Hot C . Nr. St. P 1 1 Missouri Pacific 2 ... . . Union Pacific 49 16 H . ... V. & N. W., east 10 1 f. i X. W .. west 12 47 ... 2 '., St. P.. M. 0 25 6 I'., Fl. Q., esst i C, H. & y., west 70 25 4 ... t'.. R, I. & P., east .... 8 C. R. I. & P.. west 1 Illinois Central .... 2 1 Chi. tit. West 2 Total Receipts 214 98 22 2 DISPOSITION H EA D. Cattle. Hogs. Sheep. . .. M0 775 ai;0 . .. 1M2 1220 2423 ... 997 K83 S92 I.. 760 676 1461 97 1267 , .. 336 "S! .... 29 K 11 74 ... 36 43 4S .... Xlnrris Co. . . . Swift & Co Cudahy Packing Co Armour A Co Schwartz & Co. .. J. W. Murphy ... Pold Pkg. Co Lincoln Packing Co So. Omaha Packing Co. Higgins Packing Co. Hoffman Packing Co. John Roth & Sons . Allied Pkg. Co GlHsenerff Wilson & Co v. B. Van Sunt A Co. F. P. Lewis .1. P. Hoot & Co .1.' H. Bulla Rosnstock Bros V. (t. Kcllog W'erthelmer s Decgcn Mo.-K.ar. C. C. Co. E. O. Christie John Harvey ,. Jensen & Lundgrcn . Onnnls & Francis . . , Omaha Packing Co. . 10 173 1 22 h 68 ! 2 4 s:l 4'il 3 12 Midwest Packing Co. 8 Cudahy Broa ... Other Buyers S04 94) Total .5.879 6.832 6,336 Cattle The week opened out with only a moderate run of cattle, about 6,000 head, and a fairly broad demand for both beef steers and butcher stock at prices around 10 16c better than a) e close of lsst week. Choice heavy cuttle sold at $8,60 8.fi5 and sight good yearlings at 38.25 198.50. Cow stuff showed rather mere improvement than beef steers, but the market was active for anything at all useful In the way of killing and shipping stock. Supplies of stockers and feeders were rather limited, but demand , was vigorous and prices steady to stronger all around. Quotations on cattle; Choice to prime beeves, tS.lSfi S.Cj; good to choice beeves, $7.75S.10; fair to good beeves. I7.25 7.60; common to fair beeves. 96.60(9)7.25; good to choice yearlings. $8.008.60; fair to good yearlings. $7.25 7.85 ; common to fair yearlings. I.75 7.00; choice to prime heifers, S7.007.50; good to choice heif ers. u.75f7.00; choice to prime cows, $6.6Ojf7.0O; good to choice cows. $6.00 6.60; fair to good cows, $S.255.90; com mon to fair cows, $2.004.60; good to choice fe-ders. $7.26;7.76: fair to good feeders, $fi.507. 25; common to fair feed ers. J5.75ti.50; good to choice Blockers, $7.oo7.50; fair to good stockers, $6.25 7.00; common to fair stockers. $6.00(9 6.00: stock heifers. $4.606.00; stock cows, $3.75(85.00; stock calves. $5.00 T50; vesl calves, $5.O09.6O; bulls, stags, ttc, $4 7507.00. BEEF STEERS. No. Av. Pr. No. A v. TV. 28 1023 $7 25 24... 1086 $7 65 49 123K 7 75 24 1070 7 80 40 1243 8 20 33 1090 8 05 16 991 8 10 20 1176 8 15 12.. 1132 8 25 20 1413 8 60 19 1493 8 66 STEERS AND HEIFERS. 11 825 7 10 21 764 7 28 23 643 8 15 YEARLINGS 13 707 7 45 48 75S 7 55 COWS. 9 1272 36 ' 1198 75 12 1212 65 HEIFERS. 9 J272 6 35 11 873 66 16 720 6 75 16 3 7 15 27 790 7 40 15 S0 7 65 STOCKERS AND FEEDERS. 835 ' f 60 10 766 65 8 795 6 90 18 909 . 7 00 BULLS. 1 1350 4 50 1 1700 6 25 CALVES. 8 393 6 00 4 427 7 25 1 430 8 50 3 216 8 23 Hogs About 6.70O hogs were estimated for today's trade and demand fairly ac tive, both from shippers and packers, with prices mostly 1525c higher. Packing hogs aold more often, at the 15c advance. Best light hogs brought J8.458.50, 'the latter pries being ths days' top and hulk of the entire receipts moved at a spread of $7.90 8.35. HOGS. No. Av. Sh. Pr. , No. A v. Sh. Pr. 65. .369 40 $7 65 54. .356 ... $7 80 64 "97 110 7 90 70. .2X1 140 8 00 70. .261 110 8 05 63. .314 ... 8 10 54. .224 ... 8 16 69. .240 180 8 20 67. 270 40 8 25 65. .263 70 8 30 61. .278 110 8 35 90. .205 ... 8 40 77. .208 80 8 45 36. .176 80 8 60 Sheep Ths week opens out with a moderate run of sheep and lambs, hardly mors than 6,200 head showing up. Trade was rather slow In getting started but the tendency to prices was a little higher and most of the fat pbs sold at an advance of about 25c. Bern fed wooled lambs were quoted at $10.75 11. 00 with shorn grades worth up to $10.00. A few loads of springers were received and something choice in this line would likely bring $12.00. Fat sheep were scares, and nom inally steady. ...... Quotations on Sheep Best fat lambs, $10.00011.00; medium to good lambs, $9.7510.50; plain and heavy lambs, $9.00 9.75; shorn lambs, $8.75ffll0.00; spring lambs. $9.50t!il2.00; good to choice ewes, $6.767.25: fair to good ewes, $6.00.50; culls and ewes. $2.50tp3.50. , FAT LAMBS. 325 Colorado. Av. 64 $10.60 SHORN LAMBS. 178 fed, 76 av... " Chicago Live Stock. Chicago, May 9. Cattle Receipts, 16, Adi,. wr .td.r, hntchar stock, stockers and'feeders inostiy 15 to 23c. higher; choice long yearlings, ss.u; top neavy m-ci ateno, $9.26; bulk beef steers, 8i.768.60; fat cows and heifers largely. $5.50 7.25; eal calves 25 to 50c higher; hulk uneven, most ly 25c higher; bulk, $5.756.60. Hogs Hecelpts. 37.000 head; opened 10 to 25o higher; closing lights and mediums strong; others weak; many heavies un sold at noon; top, $9.00; bulk.'.$8.458.90; pigs, 25 to 40o higher; bulk desirable, $8.25fi)8.50. Sheep and Lambs Receipts. 19,000; fed lambs 26(8 50c higher; springse 50c higheri sheep. 23c higher; wooled lambs top, $11 85; bulk, $11.00911.30; shorn top, $10 60; fat California springs. $12.00 150- good 110-pound shorn yearlings, $8 36; good 117-pound shorn wethers. $-. Kansas dJ Live Stock. Kansas City. May . (U. S. Bureau of Markets) Cattle Receipts, 13.500 head beef steers, steady to 15c higher, mostly steady to strong; top yearlings, 8.7o; best steers, $S.'ii; bulls, strong; calves, mostlv 5c lower; top, $9.00; many sales. $.50(S8.50; stockers and feeders, steady tn weak: fleshy heavy feeders, 18.60: choice stockers. $7.75: all other classes steadv; best cows, $6.60: odd heifers, $8.00. Hogs Receipts. 18,100; -market opened 10ti20c higher; close, 1525c hlgh'r; best light hogs to packers. $8.55: bulk of sales. $8.10.6O; pigs, 1525c higher, choice kinds $9.00. Sheep Receipts, 16.000 head; fbeep. steadv, shorn Texas wethers. $o.3S6.50; lambs, 1525c higher: best wnoled Ismbs, $10.85, most light offerings, $10,350 10.8; shorn lambs, 9.0; spring lambs. $11.50; heavy goats, $3.65. Sioux City I.ive Stock. Sioux City, la., May . Cattle Re ceipts. 2.300 head: market, strong; fed steers and yearlings, $6.508.60; fat cows and heifers, $4.007.50; tanners, .0S 4.00; veals, $6.0010.00; celves, 95.O0W 7.25; feeding rows snd heifers, $l.60O S.75; stockers. $.507.50. Hogs Receipts. 4.S00 hesd: market, 13 25c higher: light, $6. 1345 8.60; mixed. $7.90J.15: heavy, $7.607.75; bulk of sales. $7.768.25. Sheep Reieipts. 700 head; market, steady. St. Joseph Live Stock. St, Joseph. May 9. Hogs Receipts. 8.500 head: 15 to 25c higher; top, $8.65; bulk. $5.15 1? 8.30. Cattle Receipts, 2.000 'head: steady, steers, $7.2588.60; cows and heifers. $4.50 8 76: calves. $5.Q0$ft.00. Sheep Receipts, 6,000 head: steady to 2"c higher; lambs, $9.60 910.75; ewes, $5.5t6.50. Chicago Potatoes. Chin.. "Maw Q lnt a t nafl 1 A aia.l ' receipts, 70 csrs: northern white, sacked. M'a S"c cwr.; outs, tt sr ntt.; ne'v, frm: Florida No. 1. 9'0i9 2 per hbl.: No. 2. $5.01) pr hbl : Lonteienna. round white, $3.7$ cwt ;Texas, Jl.60g4.75 cwt. and Financial News of Financial By ALEXANDER DANA NOYES. Chicago Tribune-Omaha Bee Leased Wire. New York, May 9. The somewhat confused movement of today's finan cial markets was. no doubt, occa sioned partly by the cable dispatches over Sunday, describing; Germany as blowing hot and cold alternately in the matter of accepting the allies' terms. In the foreign exchange market rates on all the entente countries, and on Germany also, closed at a moder ate reaction. On Wall street there was some disposition to ascribe to the same cause today's irregular de cline in the industrial shares. Prob ably the explanation was in that Case superfluous, for those stocks whose advance last week was considerable had no tangible basis for a rise ex cepting general expectation of an improved financial situation, and they were, moreover, likely still to be sub ject more or less to announcements regarding dividends or falling prices for their goods. With the .railway storks today move ment differed. Practically all of them advanced a point or more, with fairly largo transactions. These companies hae ahead of them ths railway labor board decision. It wss undoubtedly belief In a decision favoring wage revision which stimulated to'day's market for their shares. In an ordinary financial situation, the government's monthly crop report would te regarded as an important influence on all the markets. What will ble the effect of such a fore cast on the price of wheat, it is difficult to say. H comes on top of an unsold sur plus from the crop of 1920, greater than left over by any crop with the single ex ception of the "1.000,000,000 bushels har vest" of 1915. Yet, an abundant wheat crop would in any case serve to sustain our export trade and our railway traffic, and if it should turn out that the harvests of other countries were deficient, it would be recognized aa a windfall of good for tune. The Bradstreet average of commodity prices does not differ greatly In the re cent movement indicated from the calcu lation published this week. Being a "straight average," made on a purely numerical basis .and without modification, according to relative importance of the various articles, it is perhaps all the more .interesting to learn that the decline from last year's highest average now works out 48 per cent. In February, 1920, the Bradstreet average was practically 140 per cent above the first war month. To effect the readjustment which has been accomplished in a little more than one year on this occasion, a dozen years were required after our civil war. But there was no such exploitation after April. 1865, as that which began in April, 1919. New York Quotations Range of prices of the leading stocks furnished by Logan & Bryan, Peters Trust building: RAILS. Sat. High Low Close Close A. . T. A S. F. ... 83 --8214 89 82H Bait. Ohio 42ft 40ft 41 41 Si Can. Pacific 118 116 116'i 115v N. T. Central ... 73 71 H 724 71 Ches. & Ohio 64 64 64 Erie R. R 15 14 14 14.i Ot. North., pfd. ..73 72 72 72'4 Chi. Gf. West. .. 9 8 9 t III. Cen 93 91 93 .... M., K. ft T. ..... 2 2 2 3i K. C. Southern .. 28 57 28 27 Mo. Pac 2! 21 23 21 N. T., N. H. A H. 20 18 19 18 North. Pac. !ty. .. 77 75 78 76 Chi. & N. W 69 67 69 66 Penn. R. R. ..... 36 35 36 35 Reading Co 78 75 77 76 C R. I. & P. ... 384 31 33 32 South. Pac. Co. .. 78 77 78 78 South. Railway .. 53 52 23 22 Chi., Mil. St. P. 30 8 30 28 Union Pacific ...122 119 122 120 Wabash 9 8 9 8 STEELS. Am. Car Fdry. .123 126 128 128 Al.-Chal. Mfg. ... 38 37 37 38 Am. LOCO. Co. ... 90 89 89 99 Bald. Loco. Wks. .91 89 90 91 Beth. Steel Corp. .64 62 62 64 Colo. F. A I. Co 32 Crucible Steel Co. S4 81 82 84 Am. Steel Fndries. 31 30 31 30 Lack. S. Co. ....... 63 S3 63 63 Mid. S. & Ord. ..29 29 29 29 Pressed S. C. Co. .89 .88 89 Rep. I. S. Co. .. 65 63 63 65 Rloss-S. S. & 1 43 U. S. Steel 83 84 86 86 COPPERS. v An. Cop. Min. ... 41 41 41 41 Am. 9. & R. Co. .. 42 41 41 42 B. & S. Min. Co. .. 14 14 14 15 Chile Cop. Co. ... 12 11 11 12 Chino Cop. Co. .. 26 25 25 25 Insp. Cons. Cop. .. 36 36 36 36 Kenn. Copper 21 21 $1 31 Miami Cop. Co 23 Nev. C. Cop. Co. .. 12 12 12 12 Ray C. Cop. Co. . 14 14 14 14 Utah Cop. Co. ... 65 64 64 65 INDUSTRIALS. Am. B. S. Co 41 40 41 41 A. Q. A W. I. S. S. 42 41 41 Am. Inter. Corp. . 51 50 50 52 Am. S. Tob. Co. ..71 71 71 .71 Pac. Oil 38 38 38 38 Am. Cot. Oil Co... 2014 20 20 Am. Tel. A Tel 109 108 108 108 Am. Ca Co 31 30 SI 31 Chandler Motor Car 80 76 78 80 Cen. Leather Co 38 38 88 38 Cuba Cane Sug. Co.. 22 20 21 21 Cal. Packlnr Corp. $1 60 61 Cal. Petroleum Corp 47 46 46 47 Corn Pro. Rfg. Co. 74 73 74 74 Nat. Enam. A St. 62 62 62 63 Flrk Rubber Co... 17 17 17 18 Gen. Elec. Co 138 - 137 137 137 Gas. Wms. A. Wig. 1. 1 1 . 1 Gen. Mot. Co 13 12 13 13 Goodrich Co 40 39 40 40 Am. H. A Lth. Co. 11 11 11 117 Haskell & Brkr. Co 69 68 69 88 U. S. Ind. Al. Co.. 71 70 70 72 Int. Nickel 16 16 16 16 Int. Paper Co 64 63 62 64 AJax Rub. Co 35 34 94 Kelly-Sp. Tire .... 50 48 4S 51 i Key. Tire & Rub.. 1 15 15 l'i Max. Mot. Co. ... 6 6 6 5 Mex Pet 153 149 149 153 Mid. States Oil .. 14 14 14 14 Pure Oil Co 35 35 36 Willys-Over. Co. . 9 8 8 9 Pierce Oil Corp. ,. 10 10 10 .... P.-A. Pet. A T. .. 71 69 69 71 P.-Ar. Mot 36 ,33 33 38 Rov. T. Co 68 67 67 69 U. S. Rub. Co. ... 76 74 75 77 A. S. Rfg. Co. .. 92 90 92 92 Sin. O. A Rfg. ... 28 27 27 27 Sears-Roe. Co. ... 84 S2 84 84 Strom. Carb. CO. . 41 39 40 43 Stude. Corp 88 S3 84 86 Tob. Prod. Co. .,. 66 63 . 63 63 T.-Con. Qil 12 13 12 12 , Texas Co. 41 .40 40 41 V. 3. F. P. Corp- 23 22 22 23 U. S. 8.. Rfg. A M. 34 33 33 33 White Mot. Co. .. 41 40 4 .40 Wilson Co.. Inc. .. 42 42 42 West. El. A Mfg. . 48 48 48 48 Am. Woolen Co. .. 79 77 77 79 Total sales. 1,170,700. Money, close. 6. Marks, Ssturday close, .0152. Sterling, Saturday close, 3.98. Foreign F.xchance Kates. Following are today's rates of exchange as compared with tne par valuation. Fur nished by the Peters National bank: Par Valuation Todsv Austria . Belgium Ciecho-SIovakia Denmark England France Germany Greece Italy Jugo-Slavia , Norway Poland Sweden 30 .00?8 .195 .0:4 . ... .014! .27 .1S20 4.86 4. .193 .0835 .236 .01 -,4- .195 .0590 .195 .1520 .0077 .27' ,1550 ..... .0015 , .37 . ..2350 .196 .1792 1.00 ' .8950 Switzerland Canada New York Troduc. New Tork. May 9.- Butter Firm; creamery, higher than extras. 3637c; creamery, extras. 36c; creamery, firsts. 32 36c. Eggs Firm;' fresh gathered extra firsts. 2728c: firsts, 2526c. Cheese Unsettled. State whole milk flats short held specials, 19020c; state, whole milk flats, fresh specials, 1717c. Live Poultry Weak; broilers. 35070c', fowls, SSc: roosters, 22c: turkeys. 25c. Dressed essy, western chickens. 25$ 65c; fowls, 2539c: old roosters, 13$23c. Dried Fruit. New York, May 9. Evaporated Apples Nominal. Prunes Firm: California 4016c; Oregona, (rl(c Apricots Firm; choice, 23c; extra choice. $7c: fancy, 28c. Peaches Steady; standard. 13c; fancy, 17e. Rais;ns Quiet; loose mnscatls. 174t2flc; choice to fancy seeded. 2223c; seed- less, ::tT24e. ' 1 Chicago Grain By CHARLES D. MICHAELS. Chicago Tribune-Omaha Bee Leased Wire. Chicago, May 9. The government crop report showing b25,0OO,OOO bushels of winter wheat was only a little below the expectations of the trade and not ejiotigh to benefit the bulls. It compared with 621.000.000 bushels last month and 485,000000 bushels last year, when the' condition was 79.1, while at present lit is 88.8. A years ago the estimated yield was 485.000.000 bushels, with a final re turn of 577.000,000 bushels. Acreage loss through abandon ment from that seeded lat fall was 1.884.000, leaving 38,721,000 acres for harvest, while a year ago the depart ment of agriculture estimated it at 34,345,000 acres, and at the last raised it to 37,773,000 in its final report. There have been few years when the winter wheat crop has exceeded present prospects. Loss in acreage and condition was largest in Kansas, Oklahoma and Texas, the latter los ing 14 points in condition, Kansas 4 and Oklahoma 5 points for the month. Kansas has ' 135,888,0(10 bushels, or nearly 2,000,000 bushels short of last year. Oklahoma 37, 000.000 bushels, a loss of 9,000,000 bushels and. Nebraska 56,548,000 bushels, or 1,500,000 bushels under, last year. Slump In Wheat. Bullish crop reports from the southwest sent wheat prices higher early in the day, while a slump In the rash nrices and reselling of 240,000 bushels of wheat nt Baltimore by the British, with offers of more, started a selling movement which carried prices down. While thrt close was at a good rally from the in side, there were net losses of 3c on wheat. Corn showed strength and closed higher and oats were Vic lower on May and c higher on the distant months. Rye lost .22c. Buying- orders In hands of a few com mission houses, based on reports of crop deterioration in the southwest, carried prices up around 2c over Saturday's close, but weakness in the cash market with the British, reselling reports and heavy selling credited to eastern houses, who were the beet buyers last week, caused buyers to back away. Corn Sales Light. Lighter selling pressure in corn, with a reduction of 2.907,000 bushels in local stocks and 3.918,000 bushels In the vis ible, offset the effect of the break in wheat and brought in enough buying to rally prices around 1c from the low point. May was down to 59c and finished c above that figure, while July met buying at 61 c and selling st 62c. Arrivals of 327 cars were the largest In several weeks. Crop reports on oats are spotted and brought in local support enough to offset the effect of local selling. The finish was 4040c for September, which Is the most active trading future. Ms weakened despite the decrease ef 750,000 bushels in local supplies. Rye met selling by seaboard houses who were the best buyers last week and broke 2fi4c. with a fair rallv at the last. Cash lots were Mav price to 1c under. The visible Increased 281.010 bushels, while local sales were 34, Mil bushels, but were unchanged for the week. Board of trade memberships sold today Pit Notes. Receipts of wheat at Minneapolis were 246 csrs; Duluth, 37. Weekly report of George C. Brvant. Indiana agricultural statistlclon, United States Department of Agriculture. "More than half m the corn ground Is prepsred and considerable seeding has been done. With favorable weather this work could be finished in two weeks. Winter wheat In low ground does not look well. Many reports of Hessian flv. chinch bugs and Joint worms. Spring wheat spotted In some localities; acreage vet y email. Onts seeding and reseedine Is completed; condition spotted. Stand thin In many northern counties." I.e Count wired from Caldwell. Kansas: "Heavy rain today from Bellvllle to Herrlngton from Wichita here. Soil Is thoroughly soaked. Came across Kansas today via Rock Island, and from train wheat looking generally good. Kastern Kansas condition of wheat Is uniformly good. Saw some spots whore straw was very rank that was being lodged by rain, but this Is not important." F. S. Fessenden. agricultural statistician for Illinois, in n;n report to the depart ment of agriculture says: "Plowing for corn has made slow progress during the week but is nearly completed. The acreage will probably be smaller than that of lasl year." Oklahoma Crops Poor. Inglis writes from Oklahoma City: "Over territory covered since leavlnsr Chlcsgo. wheat has gone back rapidly. A month ago prospects were for an early harvest; season is now about normal: cutting will commence about same time as lsst year; wheat has lost color, fields l'ok rugged: height running from t i5 incnes :n the game fields. Sloois crassy wiih ih alarming amount of the late stooling dead. Oats In Oklahoma poor. almOKt hopeless. Corn has good stand but so far made little- growth. Pastures thrnugn OK'ehoma poor." "ro; renditions in northwestern Norln Dakota are the most favorable since 1916, the M&t c? lasi big crop, according to a survey by the Minneapolis Tribune. Seeding operations are from 10 days to 3 weeks ahead of last year. Reports here show the soli to be In Bplendid condition, with the acreage of all grains, with the possible exception of wheat, being gen erally greater than 1920. Bartlett-Frailer eays: "The unfavorable crop reports from Ne braska circulated this morning appear to come in the main from extreme wes tern counties ef the state and adjoining territory in Colorado. This is the semi arid belt where dry farming Is already precarious, good crops seldom secured and the crop area relatively small." CHICAGO CLOSING PRICES By Updike Grain Co. Douglas 5627. May 9. Art. ! Open. High. Low. Close. Sat. Wht. 11 ' i I Mav 1.40 1.43 1.36i 1.38! 1.41 July 1 1.14 I MS I 1.111 1.13'il 1.14 Rye I I ' I I May I 1.38! 1.41 1.34! 1.36f 1.84 July I 1.07 I 1.09 1.04l 1.06 I 1.08 Sep. I .95 I .96 .'93 .93 I .95 Corn i I May .59! .69 .69 ,5 .69 July .61 .62 .61 .621 .61 Sep. .63 .64 .63 .64 .64 Oats May .35 .36 .3P .36 .36 July .39 .38 .37 .38 ..18 Sep. .39 .40 .39 .40 .39 Pork I i I I i May I I 117.10 July 117-40 117.40 117.35 117.35 U7-50 Laid I I I I 1 , May r,2 1 9.62 ! 9.62 9.62 - 9.55 July I 9.92 I 9.92 9.87 I 9.87 I 9.90 Ribs I I i I Mav I 9 66 ! 9.65 9 6S 9.65 I 9.20 Julv 110 00 11 0.414) 9.95 9.95 llO.OO Minneapolis Ornin. Minneapolis, Minn., May 9. Flour Un changed. Bran 110.00. Wheat Receipts, 24fi cars, compared ! with 317 csrs a year ago. ( salt, .No. 1, northern, $1.41 M ffl 1.49 Vi ; May, 1.29 ; July. l.ls. Torn No. S yellow. 510?52c. Oats No. S white, 33?04Sc. Barley 516Sc. Rye No. 2. $1.2601.27. Flan No. 2. $1.7001.72. lnlhle Grain Supply. New Tork, May 9. The visible supply of American snd bonded grain shows the fdllowlnn changes. Wheat decreased 1.020,000 bushels . Corn decreased 3.913.000 bushola. Oats decreased 594.000 bushels. Rye Increased 281.000 bushels. Barley Increased 64.000 bushels. Kansas City Grain. Kansas City, May . Wheat May $1.r.0H: July, $1.06V Corn Msy, 61c; July, 66HC; September. 55 c. St. I,ouis Grain. St. touis. Mo.. May . Wheat May, $1 40'i: July, $1.12. Com May, f8i4c; July. 604C. Oats May, 38c; July. 39c. Turpentine and Rosin. Ravannah, cla.. May 9. Turpentine Steady, 71r; ssles, 200 bbls. ; receipts. MO bbls. ; shipments, 470 bbls.; stock. 5,921 bbls. Rosin Steady; sales. SRI carks: re-, eeipts, 437 casks; shipments, 1.450 cssks; stock. 75.107 casks. Quotations: B. $.1,75; r. $4 SO; K, $4.70; F. $0; , JS.10; H. $S.10; t. $516; K. $5.6n: M. $5.75; N. $6.25; WO, $6.75; WW. $7. ltndon Money. 1 ondnn. May 9. Bar Stiver Domeetic. 9si-: foreign. sisv tluiua Dollars 47VtC. J the Day Omaha Grain Omaha, May 9. ' e';ih wheat price- "ere off 4(if6c today. Trailing in thi." cereal was slow. Wheat receipts .showed a big increase, arrivals being 152 cars, against 79 cars last Monday. Corn prices wire unchanged. Oats also brought .Saturday's figures. Kye was orf Jf(iic and bai ley was unchanged. On the whole the market was rjiiiet and draggy. Considerable wheat was carried over. WIIKAT. hard. 1 i-iir, hard: 3 cars, . : cars. Jl.; i-y smutty). Si. in Mar N l..iii; ; en is, JI.-.-i t (smutty I ; 1 cur, SI 34 : 1 ai', 11.33 : ismiiityl. $1.32; 3 cars, 11.31 Si I-. il: 2 cars. IK" 1 ; 1 . ,1.3 N.i. 4 hard (smtili v 1. No. ;. hind; 1 cur. $1 :; 1 lar, 51.29. No. 1 .-mint I Nn i mixed. 1 ' -. 1 10 J1..U ; 2-3 cur, $1.2 (durum). l'( IKS'; No. 1 wh.u . 1 a I' .' No. 2 white: i . ar... sc. No. 1 yellow: 1 car. 2 vellow: 9 cars. No. No. 3 vol low: 8 tars. i-Pvc No. 4 yellow: 1 car, blc. (.i -. ...I hill, (shippers' lug); 1 car, 50c. No. 6 yellow: 1 car, 4u: Wdaht, musty). mixed: 1 car, ROc. No. 3 OATS. 3 white: 3 2-5 cars. Sic; 4 white: 2 cars, 34 c. RVK. 2: 1-3 car. 31.24. BARLKT. No. No. No. Rejected: 1 car, 4Sc OMAHA RECEIPTS AND SHIPMENTS. Week Yeir Receipts Today Wheat 152 Ago ;9 A KM Corn 49 SO 41 Oats 12 14 M llji. 5 I 1 Birlcy 4 1 1 Shipments Wheat 83 M Corn . . 116 70 42 Oats 17 9 13 Rye fi . . 1 Barley 2 2 1 CHICAGO CAH LOT REf'Kll'TS. Week Tear Today Ago Ago Wheat 50 19 7 Corn 192 IfiO J5 Oats 68 79 41 KANSAS CITY CAR LOT RRcrflPTS. Week Year Today Ago Ago Wheat 306 318 230 Corn 61 50 M Oats 6 20 20 ST. LOUIS CAR LOT RECEIPTS. Week Year Today Aco Ago Wheat 147 103 77 Corn 92 90 1H4 Data 62 52 41 NORTHWESTERN CAR LOT RECEIPTS OF WHEAT. Week Today Ago Minneapolis 216 Duluth 37 Year 317 79 Omaha Hay Market. Prairie Hay Fair receipts, good demand for top grades. Low grades, very draggy. Prices remain firm, Alfalfa Receipts very light. Exception, ally good demand for the better grades. Fair demand for the lower grades. Trices firm. Straw Receipts nominal. Little demand. Prices firm. No. 1 upland prairie hay, $12.0013.00; No. 2 upland prairie hay. 10.0011.00; No. 3 upland prairie hay, $7.0008,50. No. 1 midland prairie hay, 11. 00(12.00: No. 2 midland prairie hay. $8. 009. 00. No. 1 lowland prairlf hay, $8 50IK9.50; No. 2 lowland prairie hay, $7.008.00. choice alfalfa hay, $21.00 23.00 : No. 1 alfalfa hay. $18.00ig20.00; Standard al falfa hay. $14.0017.50; No. 2 alfalfa hay. $3.6011.00: No, 3 Ifalfa hay, $7.008.00; oat straw, $S.009.00; wheat straw, $7.60 8.00. New York Sugar. Sew York, Hay 9. The raw suenr market was a little steadier today and business was of moderate proportions, al though prices were about unchanged fi-om the close of last week. There were sales of 80,000 Imgs of Cubaa by the com- mlttee to United States buyers at 3c, I e. i. f., equal to 4.89c for Centrifugal. while 14,000 bags of San Domlngos sold i outside the committee at equal, to 4.77c for Centrifugal. ' Liberty Bond Prices. I New York, May 9. Liberty honds at : noon: 3s. 89.28; first 4s, 87.6(1 bid; i second 4s. 87.30 hid; first 4(is, 87.60; j second 4s, 87.29; third 4s. 9(1.68; fourth i ('is, 87.39; Victory 3s, 97. 9S; Victory , 4s, 98.00. ' Liberty bonds closed: 3s, 89.0tij first I 4s. 87.50; second 4s. 87.20 bid; first 4, 87.76: second 4s. 87.36: third 4J.4a, 90.7b; f fourth 4s, 87.44; Victory 3s, 97.98; Victory 4s, 97.90. ! I.inseed Oil. Duluth, Minn., May 9. Linseed on track and arrive. 11.69. PHILIPS Weekly Sale Every Tuesday of each week it Dollar Day at Philip' big store. These tales are continuations of the Philip' policy of giving their customer best and most merchandise for the least money. Read this advertisement over thoroughly and know how economically you can buy at the store that leads' in value. 1 These Values Are on Sale for TUESDAY ONLY Misses white washable middy blouses, sizes 8 to 18, very prettily trimmed, . tjjl (( on sale, special. Ladies' lisle hose, in black and dark brown colors, all sizes, regular 75c values, d 1 (( on sale, 2 pair for. P vv Sheets, extra fine quality, stan dard brands, 72x90, d 1 ff on sale, special. aW Pillow cases, 42x36, best qual ity, wonderful values, on rr1. $1.00 Large size on sale at 8 for . . . .' . Turkish towels, $1.00 Turknit wash cloths, specially priced for this sale, C 1 ff 10 for ipl.UU Mixed silk and cotton crepe de chine material, in white only; suitable for making lingerie garments, on sale tjj AA special, 3 yard forvlsUU Kupid kloths for kids and kiddos, excellent well made play suits for the little folks, best materials, in different colors, per suit $1.00 24th and O Ste. Ask for Green Trad in f Stamps South Side 2 Claim Woman. Fight With Knives Man, Weil in Lincoln, Finds Another Here, Demands His Bride. When Fivora Cas-ares, J1?, and his hride, C'oncepion, wed in Lincoln last Saturday, returned to their home, 5-L'O South Twcnty-ciKhih street, Sunday nifiht they were greeted by Anton I'ouiresas, 48, who claimed Conccpion as his coniniou law wife. Both men drew knivs, according to the police, and the light was on. Fivora, the younger man, suffered the most wounds from the conflict, being Mverely cut about the hands, face, chest and neck. Both m -n were taken to South Side hospital, where their w.ounds were treated. Burglars Enter House And. Carry Home the Bacon Burglars climbed through the transom on the rear door at the home of Philip Smith, 5137 South Twenty-sixth street, Sunday night and stole bacon, cheese, hams, bread and breakfast food worth $11.65, a'c cording to South Side police reports. Virian Jones, 2114 Oak street, re ported a suitcase containing $65 worth of clothing stolen from his au tomobile at Twenty-lifth and V streets. May Festival of Brown Park School to Be Held Wednesday Annual May festival of the Brown Park school will be held in Turner liall, Twenty-first and U streets, Wednesday evening at 8, Principal Anna M. Bratton announced yester day. Stanley Fiala, 12, will lead the school orchestra in several numbers. A 15-piece kindergarten band will also play. The remainder of the program will consist of folk dances, dumb bell and wand drills, and playlets. South Side Brevities 2o.0"0 pansy plants, daisies, phlox, full of buds and blossoms, and other flowers for season. Shop ("Ireenhouses. ISth snd S Sts. Telephone South 2363. Adv. A load of vearllngs was brought In yesterday by B. P. Rlmm of Howells. federal Land Bank ' 1020 Year 5 Bonds Diie 1941, Optional 1931 Exempt from Federal, State, Municipal and Local Taxation. Price 100 and Interest Yielding 5 Circular on Request for O B-390 The National City Company Omaha First National Bank Bldg. Telephone Douglas 3316 Wonder Infants' fancy drsses, made of organdie material, beautifully embroidered, $2.50 values; on sale special at, each $1.00 Men's fine ribbed union suits, spring and summer weight, long or short sleeves, up to $3.50 values, on sale 00 Men's dress shirts, all sizes, styles and patterns, with or without collar, Q0 Boys' union made overalls, made from the very best blue denim. all sizes, at . ; $1.00 Bovs' fine ribbed union suits. lummer weight, well C 1 ff made, 2 suits for. . V wv Ladies', misses' and children's Comfort Cut union suits, on sale, special, 2. for $1.00 Beautiful large size cut glass vases, genuine cut floral spray design. $1.25 values, on sale for Tuesday only, 2 for $1.00 You will find many more values in this store that are not listed here which are too numerous to mention. It will pay you to come and look ground. Wirrmfflli South Omaha or Free Tickets to South Side Gym Bazar They were bought ss feeders on the local iniirkct luH fall, when they weighed around 4 IS pounds each. Yesterday tho stork averaged 1, 920 pounds. Cl'oxcr Leaf camp of Mnynt NelKhliprs, will elve card party Thursday eve ning at Odd Fellows hull. Thcro will bo 20 table prizes and a valuable door prize Forced out of business s:ile. Millinery, Eastman Kodaks and albums. Must be sold by May 23. tipen eveniiiKs 4S17 Pouth Tcnt -fourth street. South Side. .d. M. B. kcllnKR of Criiiililivn brought In a loud of prlins Hereford Moors, at era" in(C 1.493 pound, to the local market yesterday and received the t.ip prim of JS.65 a hundred. They were heught here two yeura afo as calves and Mr. KcIIobk said lis not a pretty emu! prii con fidei'tng the present cattla slump. News was received at the Flock V.x rhaiiRs hulldlnK yesterrta of the death of N. P. Mnrtenseu. a veteran farm' r, stockman and hanker at Sweetwater. Mr. Morlensen was SO years old and had been a shipper to the Imal live stock market fur nianv years. ' Sarah dntmsn. 0. 4.so Smith Twenty sixth strnm, who w.s iriously burned by flames from a bonfire at Twenty- 41p Invest in the to Real Estate Mortgage Securities 070 I L owned and cdmmi$Ur$et by 1 Tfrme uilderS mcossourt. 'CC SH1MER, Prstideat u. A. ROHR BOUGH. SmTtms.) Auttt Ovtt $1.400.QftO Csll sna tslk the nstUr American Security Co., a&s Dodgt, at 18th Doagla 6013 Omahm . BANK STATEMENT. Chsrter No. 2978 Reserve District No. 10 REPORT OF CONDITION OF THE ' UNITED STATES NATIONAL BANK AT OMAHA, IN THE STATE OF NEBRASKA, AT THE CLOSE OF BUSINESS ON APRIL 28, 1921. RF.SOURCES Loans snd discounts, including rediscounts $12,909, 4RS. 84 Overdrafts: unsecured 1 1,547.92 U. S. Government securities owned: . Deposited to secure circulation (U.S. bonds par value) $ SO. 000. 00 All other United Slates Government Securities.. 557,130.00 607,130.00. Other bonds, stocks, securities, etc.: I10S.7 10.00 Banking House t 850,000.00 Cash in vault 30:,021 42 Lawful reserve with Federal Reserve Bank 1,456,618.98 Items with Federal Reserve Bank in process of collection (not available as reserve) 672,799.7.1 Net amounts due from national hanks 1,782,394.59 Net amounts due from banks, bankers, and trust com panies in the United States (other than included in above three items) 223,346.34 Exchanges for clearing house 241,431.86 Checks on other banks in the same city or town as re porting bank (other than above Item) 17,939.05 Checks on banks located outside of city or town of re porting hank and other cash items 149. 610. St ' Redemption fund with U. S. Treasurer. 2,500.00 4.S16. 662.73 Total 19,533,539.49 LIABILITIES ' Capital stock paid in f 1,100,000.00 Surplus fund ; , 700,000.00 Undivided profits . 569,513.58 Reserved for interest and taxes accrued 232,565.80 Circulating notes outstanding... 50,000.00 Netj amounts due to national banks 1,91P,216.91 . . Net amounts due to State banks, bankers and trust com panies in the U. S. and foreign countries (other than included in above Item) 2,406.357.90 . Certified checks outstanding 16.557.28 - . Cashier's checks on own bank outstanding 79,647.93 Demand deposits (other than bank deposits) subject to Reserve (deposits payable within 30 days:) ' ' Individual deposits subject to check" 9,591,506.93 Certificates of deposit due in less than 30 days (other than for money borrowed) 108,209 40 Dividends unpaid , 81.00 - Time deposits subject to Reserve (payable after 30 days. or subject to 30 days or more notice, and postal savings) : ' Certificates of deposit (other than for money borrowed). 510.788.24 Other time deposits 1,949,443,76' Postal savings deposits 43,044.11 ' United States deposits (other than postal savings) in cluding War Loan deposit account and deposits of , United States Disbursing officers 250,488.55 16,874,342.01 Letters of Credit and Travelers' Checks sold for cash and outstanding - T.118.10 . Total ' 19,533,639.49 State of Nebraska, County of Douglas ss: I, J. C. McClure, Cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. ' J. C M CLURE, Cashier. Subscribed and sworn to before me this 9th day of May, 1921. ' ' (SEAL) E. E. LANDSTROM, Notary Tublie. Correct Attest: W. A, SMITH, S. S. CALDWELL. . A. L. REED, Directors. GRAIN- 17E solicit your consignments of all kinds of grain to the Omaha, Chicago, Milwaukee, Kan sas City and Sioux City markets. We Offer You the Services of Our Offices Located at i Omaha, Nebraska a L Kansas City, Missouri Get in touch with one of these branch offices, with your next grain shipment . The Updike Grain Company "The Reliable Consignment House" l'!'"!!'!,!"!"1!;'1 ... "I.v1. 'IT 'Ii'"1 I WsafcHhlilite fifth and K treets, while returning from n liuid Friday afternoon ami taken ti St. ,!itpli hospital, was reported la "eiiimr ni sliw'y Inipruvlnu. Tho itim h.i, nut lee:l rcm-he,! yet and thu Birl s recovery Is prohleinatleal. Boy Prisoner Makes Rope Of Clothing and Escapes Tawnce City, Neb., May 9. (Spe cial.) Alfred Tweedy, youthful pri.ioncr at the county jail here, made liis escape. Making a rope from hib clothing, he lowered himself from the third floor of one building, where the jail is situated, to the ground. Before touching earth, his rope broke, but evidently with no dis astrous results as the hoy has not been seen here since. II is two com panion occupants did not attempt to escape. The three were arrested after breaking into a box car at Table Rock. mm am . No. 28 Living up to a job isn't profitable if it necessitates living beyond one's means. What's the benefit of a big salary if a man has to spend all of it (or more) to put up a front? Most of us learn sooner or later that financial independ ence isn't achieved by chasing rainbows and gathering goal feathers. It pays better to clip cou pons than to carve capons and cut capers. Lincoln, Nebraska Hastings, Nebraska Chicago, Illinois Sioux City, Iowa Holdrege, Nebraska Geneva, Nebraska Des Moines, lowm Milwaukee, Wis. . Hamburg, low " 1 I i ."l'"1S !.'"''i!"M. i ' isssiii ;:lUi,llii):.iiK.'-